Is Stop Loss good on ETFs in volatile market?

On Monday, Aug 24, 2015, the volatile market triggers some unwanted consequence for those who use stop loss orders on ETFs.  Some holder of ETFs sold their ETFs at unusual low price and watched the ETF price return to acceptable price in 10 min.

I believe stop loss limit is a better option than stop loss market for ETFs because ETF should bounce back to acceptable price soon.

Here is the article on the story.